In this paper we introduce the definition of a reality-based algebra (RBA) as well as a subclass of reality-based algebras, table algebras. Using sesquilinear forms, we prove that a reality-based algebra is semisimple. We look at a specific reality-based algebra of dimension 5 and provide formulas for the structure constants of this algebra. We determine by looking at these structure constants and setting conditions on specific structural components when this particular reality-based algebra is a table algebra. In fact, this will be a noncommutative table algebra of dimension 5